Deposits

6 Months Ended

Jun. 30, 2025

Deposits.

Deposits

5.    Deposits

Deposits balances are summarized as follows:

	June 30,		December 31,
	2025		2024
Non-interest bearing demand deposits	$	239,486	$	238,126
Interest bearing accounts:
NOW(1)		122,143		123,466
Savings		133,517		132,648
Money market		220,171		188,904
Time certificates of deposit		355,491		337,639
Total interest bearing accounts		831,322		782,657
Total deposits	$	1,070,808	$	1,020,783

(1) Negotiable order of withdrawal

The Company participates in a reciprocal deposit program with other financial institutions that provides access to Federal Deposit Insurance Corporation (“FDIC”) insurance for deposit products with aggregate amounts exceeding the current limits for depositors. At June 30, 2025 and  December 31, 2024, total reciprocal deposits were $39,138 and $38,909, respectively. Included in time certificates of deposit at June 30, 2025 and December 31, 2024 were reciprocal deposits totaling $21,255 and $25,427, respectively, with original maturities of one to three years. Reciprocal deposits included in money market accounts totaled $17,882 and $13,482 at June 30, 2025 and December 31, 2024, respectively.

The Company had no brokered deposits at either June 30, 2025 or December 31, 2024. Time certificates of deposit in denominations of $250 or greater were $100,557 and $95,591 as of June 30, 2025 and December 31, 2024, respectively.

Contractual maturities of time certificates of deposit at June 30, 2025 are summarized below:

	June 30,
	2025
Within 1 year	$	281,263
1 – 2 years		70,350
2 – 3 years		1,157
3 – 4 years		1,615
4 – 5 years		1,106
Total	$	355,491